Cryptocurrency News & Updates

How Adopting Bits Can Help Newcomers Better Understand Bitcoin

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As the price of bitcoin will potentially increase over time, we need to adopt a new strategy to promote the relative affordability of bitcoin. In addition, we need to address and remove some legacy barriers which both confuse and intimidate people new to bitcoin. This article proposes some simple, easily executable ideas to address these issues and is intended to stimulate discussion within the existing Bitcoin community.

Although this is primarily aimed at existing bitcoin holders and exchange or wallet developers, if you are new to bitcoin, you may find some of the content of value also. Even without the ideas being adopted, this article covers most of the common areas of confusion and will assist in clarifying some of the issues with the current approach and vocabulary.

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